In this Blog I will discuss Life the Universe and Everything, and maybe even Prairie Home Companion.
Thursday, October 16, 2008
Will It be Domino Day for the Banks?
After the dribs and dribbles of subprime lending and mortgage-backed securities we come to the juicy bits. A staggering $55 trillion could be lost in CDSs. Never heard of it? But you are going to pay for it.